Trading DJ 41 for a Daytona Panda?

[Fywen]

Hey everyone!
Recently had a health scare and will have to start life long medication for auto immune disease. So I'm looking to upgrade while life is short!

Getting close to getting a Panda (grey market)
I've been wanting it for 3 years now. Its the watch that made me really interested in collecting. I just don't see me ever getting the call for iit at retail. I currently own a batman oyster and dj 41 tt (2021) both at retail.

I was thinking of keeping the batman and then trading in the the DJ 41 +19k -20k for the Panda. Do you guys think I'll regret it? An extra 20k is a pretty hefty hunk of change for a stainless steel daytona.
I could also just sell my DJ and cash out (I mostly wear my gmt nowadays)

I don't want a sub/ alrdy have a gmt
So that leaves me with a skydweller/old president/ Panda/
Anything else I'm missing in the 20-30k value range?

Really appreciate the wisdom on this forum! Thanks gang

Side note: Im moving to NYC soon - would wearing a Panda around manhattan/subway be a terrible idea? I've been here for 2 months and my batman goes very under the radar so far.

[lcs77]

How about black daytona?

[Andad]

Originally Posted by lcs77

How about black daytona?

[jb335]

You have a great one in the BLNR already. I would suggest selling the DJ privately on this forum and using the money for an amazing trip
somewhere. Like you said, life is short.

If you stick to the plan of getting a Daytona, I’d suggest stretching and get the 116519. I know that is more money and that is an issue but it’s a much more substantial of a watch than the 500.


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[Chadridv]

If you have your heart set on a Daytona and feel you can afford it, I wouldn’t hesitate for a second. Move the DJ and get the watch that you’ve always wanted. As long as you get fair values on the watches you won’t have an regrets.

[brandrea]

Originally Posted by Chadridv

If you have your heart set on a Daytona and feel you can afford it, I wouldn’t hesitate for a second. Move the DJ and get the watch that you’ve always wanted. As long as you get fair values on the watches you won’t have an regrets.

This ^^^

Good luck OP

[Robf52]

Originally Posted by Chadridv

If you have your heart set on a Daytona and feel you can afford it, I wouldn’t hesitate for a second. Move the DJ and get the watch that you’ve always wanted. As long as you get fair values on the watches you won’t have an regrets.

This.

[Potawatomi]

Originally Posted by Fywen

Hey everyone!
Recently had a health scare and will have to start life long medication for auto immune disease. So I'm looking to upgrade while life is short!

Getting close to getting a Panda (grey market)
I've been wanting it for 3 years now. Its the watch that made me really interested in collecting. I just don't see me ever getting the call for iit at retail. I currently own a batman oyster and dj 41 tt (2021) both at retail.

I was thinking of keeping the batman and then trading in the the DJ 41 +19k -20k for the Panda. Do you guys think I'll regret it? An extra 20k is a pretty hefty hunk of change for a stainless steel daytona.
I could also just sell my DJ and cash out (I mostly wear my gmt nowadays)

I don't want a sub/ alrdy have a gmt
So that leaves me with a skydweller/old president/ Panda/
Anything else I'm missing in the 20-30k value range?

Really appreciate the wisdom on this forum! Thanks gang

Side note: Im moving to NYC soon - would wearing a Panda around manhattan/subway be a terrible idea? I've been here for 2 months and my batman goes very under the radar so far.

I'm sure your batboy watch doesn't go as far under the radar as you think. The average person might not see it but enthusiasts and bad actors certainly see it. I wear my 116500LN in Manhattan when I'm there but that's not a panda so I don't know about a prescious metal Daytona. I insure my watches and wear them.

[Fywen]

Originally Posted by Potawatomi

I'm sure your batboy watch doesn't go as far under the radar as you think. The average person might not see it but enthusiasts and bad actors certainly see it. I wear my 116500LN in Manhattan when I'm there but that's not a panda so I don't know about a prescious metal Daytona. I insure my watches and wear them.

Wow that's really good advice that's what I'll do. I'll insure it and if something bad ever happens atleast it'll be covered.


Do you guys know how to get the appraisal sheet if I'm getting the watch from the grey market ? I setup a hodinkee insurance account in preparation and it asked for it. I know typically I'd just get it from authorized dealer but wb for grey purchase?

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[Chadridv]

Originally Posted by Fywen

Wow that's really good advice that's what I'll do. I'll insure it and if something bad ever happens atleast it'll be covered.


Do you guys know how to get the appraisal sheet if I'm getting the watch from the grey market ? I setup a hodinkee insurance account in preparation and it asked for it. I know typically I'd just get it from authorized dealer but wb for grey purchase?

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Check jewelers mutual too before committing. Luckily I’ve never had to file a claim but I feel confident in them and their pricing (at least for me) was a lot lower than Hodinkee.

I like the online functionality better with Hodinkee, the JM website is a joke. Doesn’t appear to be updated in 10+ years. Anyway, as long as the pay up if the time comes, that’s basically what matters most.

[Fywen]

Originally Posted by Potawatomi

I'm sure your batboy watch doesn't go as far under the radar as you think. The average person might not see it but enthusiasts and bad actors certainly see it. I wear my 116500LN in Manhattan when I'm there but that's not a panda so I don't know about a prescious metal Daytona. I insure my watches and wear them.

I'm gonna insure my watch because of this. Thanks for the tip! It'll give me a better peace of mind over the years and I can wear it out.

Do you guys know appraisals work from Grey market purchase? I was setting up a hodinkee insurance account to see how it would work. I know authorized dealers would do it if you buy at retail but idk about Grey market.

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[Kiddodoc]

I say you go for it. You can find Datejust easier than trying to find the Panda if you wanted to get another. The Daytona with a ceramic bezel is such a great reference. Do what makes you happy. One caveat......When you attain your desired watch, there will always be another the begins to catch your fancy.

[KY..]

Life is too short, get what helps your spidey senses around NYC subways…

[Barada7]

How about a white gold Daytona? Easier to get from an AD and for almost the same outlay.

[928ktgold]

Originally Posted by Barada7

How about a white gold Daytona? Easier to get from an AD and for almost the same outlay.

Not easy anymore and will cost 35k after taxes

[SS Oyster]

Originally Posted by jtorrebl

Not easy anymore and will cost 35k after taxes

Not sure where you are getting those prices, but I just got one and paid $44,824 after taxes in CA. MSRP alone for 116509 was $41,600.

[logo]

I prefer the datejust over any other Rolex, so would trade the BLNR if I wanted a Daytona. That’s just based on preference, but based on finances you could argue the BLNR trade also makes more sense. Assuming the BLNR and datejust were bought at retail, I’d rather trade a cheaper watch for more value towards the Daytona. Get a Daytona for less money this way than by trading the datejust.

[Mystro]

Go for it and get the one you really want. No one regrets a SS Daytona.

[goodolejr]

Originally Posted by Mystro

Go for it and get the one you really want. No one regrets a SS Daytona.

Mystro - You deserve a Pullitzer for this photo.

[ExplorerI]

Depends on if you need the money for care or not. If you got the money then buy what you want.

[cv5]

Originally Posted by ExplorerI

Depends on if you need the money for care or not. If you got the money then buy what you want.

+1
Exactly! buy what you want if you can afford it.

[mobster600]

LOL no Enjoy your DJ and explore other brands. The Daytona is a tool for Rolex to sell non desirable models. They dangle the potential of owning one at retail once youve bought enough two tones and PM's that they deems appropraite. Your not going to get one at retail. Which you've resided to accepting. Do not pay the egregious mark up from the grey's. All in all, its just a chronograph. Zenith, Omega and IWC make some amazing chrono's. Take a ride to a few AD's and try on a few. You would be pleasantly surprised how amazing other watch brands are. I love Rolex and it would be super cool to own a Daytona myself. Buy sometimes you need to accept reality and move on. Save your hard earned money and try on a few chrono's in the coming months. Good luck

[Chadridv]

Originally Posted by mobster600

LOL no Enjoy your DJ and explore other brands. The Daytona is a tool for Rolex to sell non desirable models. They dangle the potential of owning one at retail once youve bought enough two tones and PM's that they deems appropraite. Your not going to get one at retail. Which you've resided to accepting. Do not pay the egregious mark up from the grey's. All in all, its just a chronograph. Zenith, Omega and IWC make some amazing chrono's. Take a ride to a few AD's and try on a few. You would be pleasantly surprised how amazing other watch brands are. I love Rolex and it would be super cool to own a Daytona myself. Buy sometimes you need to accept reality and move on. Save your hard earned money and try on a few chrono's in the coming months. Good luck

I think this is great advice for someone that’s on the fence about rolex vs another brand.

I think this is terrible advice for someone that has their heart truly set on a Daytona. Nothing else will ever truly suffice and ultimately you’ll end up losing money on off brand watches that don’t truly fill the void.

Also you’re not losing your hard earned money unless you believe the value at which you paid will drop significantly, which i know is bringing the investment conversation into the mix. Which I’m not trying to do, but the point is even if the value does drop, it will never drop to zero. Worst case within a couple years you lose a few thousand. Many here spend that much annually on cigars. Best case it holds value and continues to appreciate.

Either way, life is short as the OP clearly points out. Get what you truly love.

The same way I would never tell someone to buy a Daytona cause of hype, I would never advise someone against it because of hype. Just do your homework and settle on a fair price.

[Fywen]

Originally Posted by Chadridv

I think this is great advice for someone that’s on the fence about rolex vs another brand.



I think this is terrible advice for someone that has their heart truly set on a Daytona. Nothing else will ever truly suffice and ultimately you’ll end up losing money on off brand watches that don’t truly fill the void.



Also you’re not losing your hard earned money unless you believe the value at which you paid will drop significantly, which i know is bringing the investment conversation into the mix. Which I’m not trying to do, but the point is even if the value does drop, it will never drop to zero. Worst case within a couple years you lose a few thousand. Many here spend that much annually on cigars. Best case it holds value and continues to appreciate.



Either way, life is short as the OP clearly points out. Get what you truly love.



The same way I would never tell someone to buy a Daytona cause of hype, I would never advise someone against it because of hype. Just do your homework and settle on a fair price.

Thanks for the thought out response. Yeah man I think you expressed everything so well! I'll probably be stuck in that situation if purchase anything else then the product I want. I'm gonna go for it!!

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[mobster600]

Originally Posted by Chadridv

I think this is great advice for someone that’s on the fence about rolex vs another brand.

I think this is terrible advice for someone that has their heart truly set on a Daytona. Nothing else will ever truly suffice and ultimately you’ll end up losing money on off brand watches that don’t truly fill the void.

Also you’re not losing your hard earned money unless you believe the value at which you paid will drop significantly, which i know is bringing the investment conversation into the mix. Which I’m not trying to do, but the point is even if the value does drop, it will never drop to zero. Worst case within a couple years you lose a few thousand. Many here spend that much annually on cigars. Best case it holds value and continues to appreciate.

Either way, life is short as the OP clearly points out. Get what you truly love.

The same way I would never tell someone to buy a Daytona cause of hype, I would never advise someone against it because of hype. Just do your homework and settle on a fair price.

He hasnt even seen the new Daytona. What if the new Daytona comes out and everyone sells 116 model and prices go down? I think you guys make alot more money then I do. Your talking about spending 32-25k because your heart desires it? My heart desires alot of things my wallet cant afford. Dont forget prices appreciating dont account for the 5-10% hit you take re-selling a watch. I try to encourage people to be conservative when approaching the Daytona. There are alternatives to the watch, as its just a chronograph.

I guess ill keep my terrible advice to myself next time. just trying to give my view on a overly priced hype watch. Because that's all a Daytona really is. But hey spend your 35k on it. Ive seen enough of them to know it aint worth 35k.

[Chadridv]

Originally Posted by mobster600

He hasnt even seen the new Daytona. What if the new Daytona comes out and everyone sells 116 model and prices go down? I think you guys make alot more money then I do. Your talking about spending 32-25k because your heart desires it? My heart desires alot of things my wallet cant afford. Dont forget prices appreciating dont account for the 5-10% hit you take re-selling a watch. I try to encourage people to be conservative when approaching the Daytona. There are alternatives to the watch, as its just a chronograph.

I guess ill keep my terrible advice to myself next time. just trying to give my view on a overly priced hype watch. Because that's all a Daytona really is. But hey spend your 35k on it. Ive seen enough of them to know it aint worth 35k.

I didn't initiate the future value part of this conversation. Of course it's always a factor but to say someone is "throwing away their hard earned money" does open the doors for this conversation.

So here goes lol... I don't claim to have a crystal ball. The value might drop. The prices are very high right now, but keep in mind they were almost at $50k not too long ago. So IMO, they're much closer to stable, especially with the recent discontinuation of the reference. Generally speaking retired model values don't drop. I think in the worst case scenario a few thousand dollar dip within the next year or two is possible, and after that the model will continue to slowly appreciate. I could be wrong of course.

Rolex decision makers know what they're doing. They changed the new model just enough to leave some Daytona fans still longing for the 116500, but not enough for anyone to hate either.

What do you think is the worst case scenario in value drop? Cause clearly you're not throwing away $35k like you would at a casino or something. There will always be some value in the watch. So where do you think it truly settles?

Of course net worth and income play a part in this. No one ever said this was a rational hobby. This is all relative too. Let's say for you buying a $4000 tudor is reasonable, someone else just looked at you like you're insane for throwing away $4000 on a watch.

The OP had a health scare, life is short. If you feel you can be financially responsible, I wouldn't hesitate for a second.

I've been waiting on the call for my 116500 since 2016. Since then I've had 2 ADs lose partnerships with Rolex and my SA quit at another. The call isn't coming (obviously). I bought the 116500 twice since then, one black and one white. Both times I was told by many here that I was throwing away money (paid 16.5k and 26k). I have no regrets. Not cause I didn't lose any money, cause I got to wear the watches I love and want to wear almost instantly.

You don't need to keep any advice to yourself, just be prepared for counter opinions. I don't think your advice to not spend the money was terrible btw, I think saying to spend it on brands that are undoubetely known to depreciate is terrible, especially since it would clearly never be fulfilling.

I'd like to give you the benefit of the doubt that you can handle a healthy discussion, even debate, but maybe I was wrong?

[normandy]

Yes, Please do it!!!

[mobster600]

Originally Posted by Chadridv

I didn't initiate the future value part of this conversation. Of course it's always a factor but to say someone is "throwing away their hard earned money" does open the doors for this conversation.

So here goes lol... I don't claim to have a crystal ball. The value might drop. The prices are very high right now, but keep in mind they were almost at $50k not too long ago. So IMO, they're much closer to stable, especially with the recent discontinuation of the reference. Generally speaking retired model values don't drop. I think in the worst case scenario a few thousand dollar dip within the next year or two is possible, and after that the model will continue to slowly appreciate. I could be wrong of course.

Rolex decision makers know what they're doing. They changed the new model just enough to leave some Daytona fans still longing for the 116500, but not enough for anyone to hate either.

What do you think is the worst case scenario in value drop? Cause clearly you're not throwing away $35k like you would at a casino or something. There will always be some value in the watch. So where do you think it truly settles?

Of course net worth and income play a part in this. No one ever said this was a rational hobby. This is all relative too. Let's say for you buying a $4000 tudor is reasonable, someone else just looked at you like you're insane for throwing away $4000 on a watch.

The OP had a health scare, life is short. If you feel you can be financially responsible, I wouldn't hesitate for a second.

I've been waiting on the call for my 116500 since 2016. Since then I've had 2 ADs lose partnerships with Rolex and my SA quit at another. The call isn't coming (obviously). I bought the 116500 twice since then, one black and one white. Both times I was told by many here that I was throwing away money (paid 16.5k and 26k). I have no regrets. Not cause I didn't lose any money, cause I got to wear the watches I love and want to wear almost instantly.

You don't need to keep any advice to yourself, just be prepared for counter opinions. I don't think your advice to not spend the money was terrible btw, I think saying to spend it on brands that are undoubetely known to depreciate is terrible, especially since it would clearly never be fulfilling.

I'd like to give you the benefit of the doubt that you can handle a healthy discussion, even debate, but maybe I was wrong?

Its all good. There are several variables at play and only the buyer can weigh those himself. I always try to find relative value in my watch decision making. I feel Rolex value has reached a ceiling in my personal opinion. Of course everyone has their own internal value of how they perceive a watch. My Daytona ceiling was reached once it reached id say 22-25k. I feel at 22-25k this watch is positioned fairly to a gold model. At 35k you can buy the highest horological brands in the world. Patek, Lange, AP and enter into small production independents. The craftsmanship and attention to detail put into those highend watches is absolutely remarkable. Truly art on the wrist. Even brands like Chopard have some absolutely unique and beautiful watches nobody gives enough attention to. For example the new Alpine Eagle XPS Salmon dial.

I guess my perceived value of Rolex is just not that high. They make great watches but in the secondary market people are willing to totally blow past any comparison to high horology. For 35k you can get truly amazing high horology OR a SS Daytona....I will pick the high horology any time of the week. No pun intended

[TheHulk]

1) really this depends on your finances. If u can do it, then it’s a big YES!!! Sell that DJ and don’t look back
2) the BLNR and white 500 is a GREAT combo. BLNR screams Rolex more than the SS Tona does.
3) i ve owned a SS white dial for almost 6 years and its close to perfect.
4) yes life can be short so go get that Daytona!!!!

[Fywen]

Thanks everyone! I think I'm going to do it!! To many peoples point I've been thinking about it for years now so nothing else will probably fulfill that want other then that Ss dayotona! Hopefully I'll have pics to post next week of it !

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